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Vegetable oil prices have risen far faster than other food prices, with some retail buyers reporting doubled costs over six months. The article attributes the squeeze to the Ukraine war, drought and competition from biofuels.
Broad consumer-level inflation in edible oils reflects tight global supply, reinforcing bullish pressure on soybean, palm and sunflower oil prices.
washingtonpost.comLaura ReileyMay 11, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
